The Cataclysmic Decline In State Tax Revenues

Posted by Tom Lindmark on July 18th, 2009

Taxes collected by the fifty states fell a collective 11.7% in the first quarter of 2009 versus the first quarter of 2008. That’s the largest quarterly decline since 1962 when the government started keeping this statistic. You don’t need much more information to understand how desperate is the shape of state finances.

Here’s a table from the New York Times that will let you check out your state”